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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 29, 2022
Jun. 30, 2022
Sep. 23, 2021
CURRENT ASSETS:      
Cash $ 298 $ 415 $ 539
Accounts receivable, less allowance for doubtful accounts of $305, $267 and $311 76,401 69,611 71,890
Inventories 192,098 204,855 152,603
Prepaid expenses and other current assets 6,746 8,283 10,407
TOTAL CURRENT ASSETS 275,543 283,164 235,439
PROPERTY, PLANT AND EQUIPMENT:      
Land 9,150 9,150 9,150
Buildings 102,837 102,810 102,661
Machinery and equipment 251,998 245,111 226,618
Furniture and leasehold improvements 5,296 5,296 5,295
Vehicles 614 614 614
Construction in progress 6,926 6,471 16,593
Property, plant and equipment gross 376,821 369,452 360,931
Less: Accumulated depreciation 255,948 252,371 242,422
Property, plant and equipment net 120,873 117,081 118,509
Rental investment property, less accumulated depreciation of $13,834, $13,632 and $13,027 15,289 15,491 16,096
TOTAL PROPERTY, PLANT AND EQUIPMENT 136,162 132,572 134,605
OTHER LONG TERM ASSETS:      
Intangible assets, net 7,621 8,065 9,457
Life insurance and other assets 6,134 8,272 9,542
Deferred income taxes 3,231 3,236 5,297
Goodwill 9,650 9,650 9,650
Operating lease right-of-use assets 2,430 2,303 3,171
TOTAL ASSETS 440,771 447,262 407,161
CURRENT LIABILITIES:      
Revolving credit facility borrowings 42,624 40,439 45,264
Current maturities of long-term debt, net, including related party debt of $628, $614 and $572 2,046 3,149 3,858
Accounts payable 51,222 47,720 46,103
Bank overdraft 488 214 171
Accrued payroll and related benefits 12,166 18,888 11,410
Other accrued expenses 17,624 12,352 17,028
TOTAL CURRENT LIABILITIES 126,170 122,762 123,834
LONG-TERM LIABILITIES:      
Long-term debt, less current maturities, net, including related party debt of $7,612, $7,774 and $8,240 7,612 7,774 9,939
Retirement plan 28,753 28,886 35,257
Long-term operating lease liabilities, net of current portion 1,242 1,076 1,804
Other 7,831 7,943 8,162
TOTAL LONG-TERM LIABILITIES 45,438 45,679 55,162
TOTAL LIABILITIES 171,608 168,441 178,996
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:      
Capital in excess of par value 129,572 128,800 126,958
Retained earnings 143,153 153,589 111,051
Accumulated other comprehensive loss (2,474) (2,480) (8,756)
Treasury stock, at cost; 117,900 shares of Common Stock (1,204) (1,204) (1,204)
TOTAL STOCKHOLDERS' EQUITY 269,163 278,821 228,165
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 440,771 447,262 407,161
Class A Common Stock [Member]      
STOCKHOLDERS' EQUITY:      
Common Stock 26 26 26
Common Stock, Non-Cumulative Voting Rights of One Vote Per Share [Member]      
STOCKHOLDERS' EQUITY:      
Common Stock $ 90 $ 90 $ 90